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REGISTERED NUMBER: 06910473 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Kingswood Inks & Coatings (UK) Limited

Kingswood Inks & Coatings (UK) Limited (Registered number: 06910473)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Kingswood Inks & Coatings (UK) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: J R Eldridge





REGISTERED OFFICE: 7 Merlin Centre
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP





REGISTERED NUMBER: 06910473 (England and Wales)





ACCOUNTANTS: Danton Partners
7 Merlin Courtyard
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP

Kingswood Inks & Coatings (UK) Limited (Registered number: 06910473)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,669 9,471

CURRENT ASSETS
Stocks 1,200 1,350
Debtors 5 119,194 116,132
Cash at bank 9,277 21,748
129,671 139,230
CREDITORS
Amounts falling due within one year 6 132,085 113,440
NET CURRENT (LIABILITIES)/ASSETS (2,414 ) 25,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,255

35,261

CREDITORS
Amounts falling due after more than one
year

7

4,177

16,251
NET ASSETS 1,078 19,010

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 978 18,910
SHAREHOLDERS' FUNDS 1,078 19,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Kingswood Inks & Coatings (UK) Limited (Registered number: 06910473)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 February 2024 and were signed by:





J R Eldridge - Director


Kingswood Inks & Coatings (UK) Limited (Registered number: 06910473)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Kingswood Inks & Coatings (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 18% on reducing balance
Fixtures and fittings - 18% on reducing balance
Motor vehicles - 18% on reducing balance
Computer equipment - 18% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Kingswood Inks & Coatings (UK) Limited (Registered number: 06910473)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022
and 30 June 2023 13,500 722 27,798 7,394 49,414
DEPRECIATION
At 1 July 2022 10,567 575 21,540 7,261 39,943
Charge for year 517 26 1,126 133 1,802
At 30 June 2023 11,084 601 22,666 7,394 41,745
NET BOOK VALUE
At 30 June 2023 2,416 121 5,132 - 7,669
At 30 June 2022 2,933 147 6,258 133 9,471

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 119,194 116,132

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 78,235 89,851
Tax 5,850 4,989
Social security and other taxes 576 633
VAT 4,267 3,027
Directors' current accounts 35,701 9,350
Accrued expenses 2,456 590
132,085 113,440

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans - 2-5 years 4,177 16,251

Kingswood Inks & Coatings (UK) Limited (Registered number: 06910473)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Included in the Directors' current account is the amount of £35,701 (2022: £9,350) due to the director R Eldridge. This is an interest free loan and is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

J R Eldridge is the ultimate controlling party by virtue of his shareholding in the company.

Kingswood Inks & Coatings (UK) Limited

Report of the Accountants to the Director of
Kingswood Inks & Coatings (UK) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Danton Partners
7 Merlin Courtyard
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP


15 February 2024